2025-01-27T07:02:04-06:00 2024-06-30 411397419 Abdo 5201 Eden Ave 250 Edina MN 55436 990 2023-07-01 470858757 Watershed High School WATE 6128714363 6541 16th Ave S Richfield MN 55423 Carissa Anderson Board Chair 6128714363 2025-01-24 1 1 Steven D Anseth CPA P00552219 9528359090 2025-01-24 2023 2025-03-06 01:10:19Z Carissa Anderson 6541 16th Ave S Richfield MN 55423 1260022 0 X www.watershedhs.org X 2002 MN Empower students to grow socially and academically in safe, flexible, supportive environment. 6 3 13 3 0 0 855482 1169218 500 0 8 10841 153906 79963 1009896 1260022 0 0 0 0 488967 561157 0 0 0 489411 408513 978378 969670 31518 290352 479524 990373 665192 885689 -185668 104684 The mission of Watershed High School is to empower students to grow socially and academically in a safe, flexible, supportive arts-infused environment. 0 0 732911 Watershed High School's vision is to help each student believe they can succeed in whatever they dream for themselves, starting with graduating from high school. Students will develop self-confidence, respect for themselves and others, the ability to advocate for themselves, and the ability to stick it out when the going gets tough. At Watershed, a community of allies recognizes and encourages each individual student's strengths. 732911 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 7 0 1 13 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X X The Organization 6128714363 6541 16th Avenue South Richfield MN 55423 Carissa Anderson Board Chair 2.00 X X 0 0 0 Ryan Cooper Member and Teacher 42.00 X 42510 0 7543 Tim Nelson Secretary 2.00 X X 0 0 0 Hayley Grey Member and Teacher 42.00 X 45969 0 3753 Patrick McLaughlin Member 2.00 X 0 0 0 Elizabeth Kneip Executive Director 45.00 X 47481 0 7037 135960 0 18333 0 0 0 0 0 1154716 14502 1169218 10841 10841 Pension Revenue 900099 79963 79963 79963 1260022 0 0 90804 162123 140264 21859 297694 267472 30222 57867 41990 15877 10875 6316 4559 32598 29285 3313 10699 10699 91715 91715 75980 31839 44141 13171 11353 1818 3310 3258 52 32123 32123 21238 20570 668 45 45 12448 12448 Lease Expense 92236 92236 Food 26215 25880 335 Textbooks/Workbooks 13388 13356 32 Dues and Subscriptions 9418 885 8533 6527 3636 2891 969670 732911 236759 0 209002 143821 32526 343367 64635 62009 1526 27900 17198 432293 120127 0 312166 145461 110286 479524 990373 57115 42242 608077 843447 665192 885689 X 0 -5512 -185668 110196 0 0 -185668 104684 479524 990373 290352 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3636 3636 0 38449 38449 0 390208 78042 312166 312166 Deferred Outflows - Pension Resources 110286 110286 Pension Liability 488170 Deferred Inflows - Pension Resources 37599 Lease Liability - Short Term 74289 Lease Liability - Long Term 243389 843447 X 1184193 0 1184193 75829 75829 1260022 893841 -75829 -75829 969670 0 969670 Part X, Line 2: The Charter School is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. The Charter School also qualifies as a tax-exempt organization under applicable statutes of the State of Minnesota. Management believes that it is not reasonably possible for any tax position benefits to increase or decrease significantly over the next 12 months. As of June 30, 2024, there were no income tax related accrued interest or penalties recognized in either the statement of financial position or the statement of activities. The Charter School files informational returns in the U.S. federal jurisdiction, and in the Minnesota state jurisdiction. U.S. federal returns and Minnesota returns for the prior three fiscal years are open and all others are closed. No returns are currently under examination in any tax jurisdiction. Part XI, Line 4b - Other Adjustments: Negative Pension Expense Reclassified 75,829. Part XII, Line 2d - Other Adjustments: Negative Pension Expense Reclassified -75,829. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 All policies are available upon request and those applicable are included in communications with the general public and stakeholders. Schedule E, Part I, Line 6 Financial assistance is received from the US Department of Education and the Minnesota Department of Education. Form 990, Part VI, Section B, line 11b The members of the board are provided with the 990 to review. The informational material as well as financial are reviewed for accuracy and completeness before the 990 is filed. Form 990, Part VI, Section B, line 12c The determination as to whether a conflict of interest exists is to be made by the school board in its discretion. Any school board member who has an actual or potential conflict shall notify the school board of such conflict immediately. The school board member shall thereafter cooperate with the school board as necessary for the school board to make its determination. Form 990, Part VI, Section B, line 15 Compensation shall be assigned by a committee consisting of the Faculty Chairperson, the Administrative Coordinator, and the Business Manager. Salaries are determined by the use of a salary scale worksheet that is reviewed by this committee. Form 990, Part VI, Section C, line 19 The Organization makes its documents available to the public upon request and the 990 is available on Guidestar.com. Form 990, Part XII, Line 2c: The Organization assumes responsibility for oversight of the audit.